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Paying off student loan
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Hi All,
Sorry if this is in the wrong place. I did a quick search about this one and couldn't find anything. I have a 3 student loans (from '93, '94 and '95), and have so far managed to avoid paying them back. However, this year I am borderline. My salary is about £75pm under the threshold.
However, do they take into account Child Benefit and Tax Credits? If so it takes me over the limit. Seems a bit unfair as that money is for the baby, not me!
Obviously I would prefer to defer the loan as long as possible while the interest rate is at -0.4%, but if I can't then so be it!
Sorry if this is in the wrong place. I did a quick search about this one and couldn't find anything. I have a 3 student loans (from '93, '94 and '95), and have so far managed to avoid paying them back. However, this year I am borderline. My salary is about £75pm under the threshold.
However, do they take into account Child Benefit and Tax Credits? If so it takes me over the limit. Seems a bit unfair as that money is for the baby, not me!
Obviously I would prefer to defer the loan as long as possible while the interest rate is at -0.4%, but if I can't then so be it!
0
Comments
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I always assumed it was taxable income, not benefits.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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